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CAD to MXN - Rate Guide

Canadian Dollar to Mexican Peso exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

1 CAD = 14.23 MXN

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CAD to MXN - Trading Range (90 Day)
90-DAY LOW (6d)
CAD/MXN at 14.23 is trading 1.9% below the 90-day average 14.51 with a range 14.22 to 14.74. There are no current rate alerts.
28-Jan-2020 16:NY 21:LON 08:SYD+1d

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CAD/MXN Exchange Rates and Providers Compared

This guide to the Canadian Dollar to Mexican Peso exchange rate with 90-day chart & alerts, historic rates, forecasts and CAD to MXN comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our CAD/MXN Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for CAD/MXN International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

CAD to MXN International Money Transfers

  

Foreign Transfer ProvidersReceive MXN(Mex$)Exchange RateFee CADTotal CostDeal Links
OFX logo
Mex$139,800
Best Overall
13.980^1.88%
XE logo
Mex$140,700
Mex$900 more
14.0701.25%
HSBC logo
Mex$136,894
Mex$2,906 less
13.71C$153.92%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
Mex$135,927
Mex$3,873 less
13.73C$1004.6%
Scotiabank logo
Mex$135,729
Mex$4,071 less
13.71C$1004.73%
TD Canada Trust logo
Mex$135,729
Mex$4,071 less
13.71C$1004.73%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo HSBC logo TD Canada Trust logo Royal Bank of Canada logo
Mex$135,724
Mex$4,076 less
13.69154.74%
Royal Bank of Canada logo
Mex$134,343
Mex$5,457 less
13.57C$1005.71%
 
OFX logo
OFX: Foreign Transfer CAD→MXN
From Amount (CAD)C$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:13.98 (1.88% from mid-rate)
To Amount (MXN) Mex$139,800
Total Cost:1.88%
Time:
Rate Fetched: Tue Jan 28 2020 18:05:03 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE logo
XE: Foreign Transfer CAD→MXN
From Amount (CAD)C$10,000
Fee:
Exchange Rate:14.07 (1.25% from mid-rate)
To Amount (MXN) Mex$140,700
Total Cost:1.25%
Difference:
Mex$900 MXN more than using OFX
Time:18:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer CAD→MXN
From Amount (CAD)C$10,000
Fee:C$15 CAD (.15%)
Exchange Rate:13.71 (3.77% from mid-rate)
To Amount (MXN) Mex$136,894
Total Cost:3.92%
Difference:
Mex$2,906 MXN less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Coast Capital Savings logo
Coast Capital Savings: Foreign Transfer CAD→MXN
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:13.73 (3.63% from mid-rate)
To Amount (MXN) Mex$135,927
Total Cost:4.6%
Difference:
Mex$3,873 MXN less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Scotiabank logo
Scotiabank: Foreign Transfer CAD→MXN
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:13.71 (3.77% from mid-rate)
To Amount (MXN) Mex$135,729
Total Cost:4.73%
Difference:
Mex$4,071 MXN less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
TD Canada Trust logo
TD Canada Trust: Foreign Transfer CAD→MXN
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:13.71 (3.77% from mid-rate)
To Amount (MXN) Mex$135,729
Total Cost:4.73%
Difference:
Mex$4,071 MXN less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer CAD→MXN
From Amount (CAD)C$10,000
Fee:15
Exchange Rate:13.54 (4.97% from mid-rate)
To Amount (MXN) Mex$135,724
Total Cost:4.74%
Difference:
Mex$4,076 MXN less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Royal Bank of Canada logo
Royal Bank of Canada: Foreign Transfer CAD→MXN
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:13.57 (4.75% from mid-rate)
To Amount (MXN) Mex$134,343
Total Cost:5.71%
Difference:
Mex$5,457 MXN less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 01/28/2020 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount MXN(Mex$)Exchange RateFee CADTotal CostDeal Links
Banks - Average Rate Foreign Currency
Mex$12,345
Compare
12.47C$1013.35%
 
Banks - Average Rate
Travel Money CAD→MXN
From Amount (CAD)C$1,000
Fee:C$10 CAD (1%)
Exchange Rate:12.47 (12.48% from mid-rate)
To Amount (MXN) Mex$12,345
Total Cost:13.35%
Currency Services:Branch
Delivery/Collect:-
 
Snapshot 01/28/2020 - See full table

CAD and MXN in the Markets

When determining the best time to make a foreign exchange transaction, in this case the CAD vs MXN, you should pay attention to the recent market trends for both currencies.

Canadian Dollar (CAD)

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The threat of proxy war between the US and Iran in Iraq also pared back some of the gains the Loonie had made coming into the New Year.

The Canadian dollar was range bound during the second half of 2019 oscillating between US75c and US76.5c. Mid-year the loonie stormed ahead in June and July, rising to what turned out to be the 2019 high against the US dollar of US76.7cents and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

The USMCA was signed by the United States, Mexico and Canadian on November 30 at the G20 Summit in Buenos Aires. Any delay to Canadian ratification of the USMCA trade deal would have likely depressed sentiment on Canada’s currency.

For more details read the full article Canadian dollar news and forecasts.

Read more in the article CAD Forecasts.

 

Mexican Peso (MXN)

At 18.8 per US dollar, the Mexican peso was trading on April-20 close to its strongest level in 6 ½ months, though it was meeting significant resistance (USD/MXN support) at 18.75—a level from which the peso was repelled twice last October, in March, and once already in April.

Boosting the peso has been the thriving oil market. Oil is high on the list of Mexico’s top exports and by April-20 it was up 44 percent for the year to $65 per barrel.

Also supporting the peso has been the dovish turn by the Federal Reserve. With no increase in US interest rates projected this year, the dollar will weaken and the peso should gain value because Mexico holds high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheap and US rates are low.

Earlier this year, ING said that the peso would be among 2019’s best performing emerging market currencies, though newly-formed BlueLine Asset Management said one if its first market bets would be on peso depreciation based on disappointing economic growth.

Why can't I just get the CAD/MXN market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the CAD / MXN was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

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